https://www.taxtmi.com/caselaws?id=369771 The ITAT allowed the assessee's appeal by deleting ad hoc disallowances of conveyance, vehicle running, and business promotion expenses. It directed the AO to delete the additions made on these grounds. The issue of adjusting seized cash towards tax liability was restored for adjudication. The ITAT also restored the matter of undisclosed cash transactions for de novo adjudication. Deletion of disallowance on short and excess recoveries and liquidated damage charges was upheld. The department's appeal was partly allowed for statistical purposes. en-us Fri, 14 Sep 2018 00:00:00 +0530 Fri, 02 Nov 2018 13:45:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=369771 The ITAT allowed the assessee's appeal by deleting ad hoc disallowances of conveyance, vehicle running, and business promotion expenses. It directed the AO to delete the additions made on these grounds. The issue of adjusting seized cash towards tax liability was restored for adjudication. The ITAT also restored the matter of undisclosed cash transactions for de novo adjudication. Deletion of disallowance on short and excess recoveries and liquidated damage charges was upheld. The department's appeal was partly allowed for statistical purposes. Case-Laws Income Tax Fri, 14 Sep 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=369771